Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Depreciation allowances for specified asset classes are fixed through a detailed schedule of rates under the income-tax rules. Prescribes the depreciation allowances admissible on specified classes of assets under the income-tax rules by linking each asset category to a percentage of actual cost. The schedule classifies plant and machinery used in generating stations, cooling towers, hydraulic works, buildings, transformers, switchgear, lightning arrestors, batteries, cables, overhead lines, meters, vehicles, air-conditioning plants, office furniture and fittings, office equipment, internal wiring, street light fittings, apparatus let on hire, and communication equipment, with separate rates fixed for each sub-class.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depreciation allowances for specified asset classes are fixed through a detailed schedule of rates under the income-tax rules.
Prescribes the depreciation allowances admissible on specified classes of assets under the income-tax rules by linking each asset category to a percentage of actual cost. The schedule classifies plant and machinery used in generating stations, cooling towers, hydraulic works, buildings, transformers, switchgear, lightning arrestors, batteries, cables, overhead lines, meters, vehicles, air-conditioning plants, office furniture and fittings, office equipment, internal wiring, street light fittings, apparatus let on hire, and communication equipment, with separate rates fixed for each sub-class.
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